How to sell a motorcycle in Ontario

If you're looking to sell your motorcycle, there are specific rules you need to follow to ensure you properly transfer ownership to your new buyer. To ensure your sale goes as smoothly as possible, glance through our step-by-step guide below.

A step-by-step guide to selling your used motorcycle in Ontario

Selling a used bike in Ontario can be confusing for first-time sellers. But, by following the steps we've outlined below, you'll have everything you need to know to ensure your sale goes through without a hitch:

1. Clean your motorcycle

Before you sell your bike, it's always a good idea to get your vehicle looking and operating great to attract potential buyers. You can start by washing your bike. Bring out the soap, sponge, and polish to make sure your bike shines and is free of grease and other imperfections.

2. Fix any issues and conduct maintenance

Another important task in selling your bike is performing maintenance. While you don't need to fix every issue that's wrong with it, make sure to change the oil, inspect the tires, check the brakes, tighten the chain, and clean the air filter. Not only will you be able to price your bike higher, but you'll also show the person buying your motorcycle that you took good care of your motor vehicle.

3. Take photos of your used motor vehicle

Now it's time to take some photos of your motorcycle to post online. Make sure the photos have good lighting and capture the bike from different angles. You may also want to take a video of the bike to attract buyers to your vehicle.

4. Obtain a used vehicle information package (UVIP)

Here comes the important part. You need to obtain a used vehicle info package (UVIP) from a service centre or online. The seller is required by law to provide this information package to prospective buyers. This package includes an overview of the bike, its vehicle registration, lien history in the province, as well as the average retail and wholesale prices for the specific model and year. It additionally contains details on the retail sales tax. You'll need to provide this to the buyer once the bike is sold.

5. Post your sale online

Once you've obtained the package, you can go ahead and post your bike on different online marketplaces. Remember to set a reasonable price that's relative to your vehicle's current condition. Additionally, you'll want to be honest in your post about whether there are any issues with the vehicle.

6. Meet with potential buyers

Furthermore, once you've gotten some traction for your bike, you can go ahead and begin meeting with people who are interested in buying your motorcycle. Remember that when selling motor vehicles or other items online, it's important to stay safe and be mindful of potential scams.

Before you close the deal, confirm that the buyer will transfer the money into your account. Otherwise, you'll need to have your cash in hand before you transfer ownership of your bike to the new owner.

7. Provide the buyer with the information package

Don't forget to give the buyer the bike information package during this time! They'll need to bring this paperwork with them when registering the bike. Additionally, make sure you fill out the section specifically dealing with the plate permit or else the buyer will not be able to file their documents to register the motorcycle.

8. Close the sale

Once the paperwork is done, and ownership has been transferred, the buyer is now free to take the bike and go get it insured.

9. Contact your insurance company

Finally, now that you've sold your bike, you can contact your provider and inform them that you would like to cancel the coverage you have and that the motorcycle has been sold. If you are cancelling your policy early, know that you may be required to pay a cancellation fee, but this will depend on who your provider is and how far along you are in your term.

Buying a used bike? What you need to know

If you're buying a motorcycle that is used from a dealership or private seller, there are certain steps you need to follow after the sale to ensure you're able to enjoy your new bike in no time. Here's what you need to do:

1. Get a safety standards certificate

First things first, because you've purchased a used bike, you'll likely need to get a safety standard certificate from the Ministry of Transportation. A safety standards certificate basically states that your vehicle meets the minimum safety requirements regulated by the MOT.

To get one, you'll need to take your bike to a certified inspection centre in your area to have it examined by a mechanic. Most garages tend to be certified, just make sure you ask before making an appointment.

2. Purchase insurance coverage

Next, you need to purchase insurance coverage like all other motorists in Canada. Depending on the province or territory you live in, the coverage options and limits required will vary. Further, if you want to supplement your coverage for added peace of mind, you can also purchase add-on policies beyond your standard motorcycle insurance, which we've listed below:

• Third-party liability insurance (mandatory)
• Accident benefits coverage (mandatory except in Newfoundland)
• Uninsured automobile insurance (mandatory)
• Collision car coverage (optional)
• Comprehensive car coverage (optional)
• Accident forgiveness (optional)
• Roadside assistance (optional)
• Civil liability (Quebec only)

3. Visit a Service Ontario Centre

Now that you've got your certificate, you can go ahead and head over to a Service Ontario centre to register your motorcycle within six days of the sale. Here, you'll need to present your UVIP to an agent and ensure the plate portion of the permit. Note, that before you're able to put your plates in your vehicle, you must have and ensure the following:

• licence plates validated.
• The vehicle section of the permit awarded for the vehicle is filled out by the previous owner.
• The licence plate number is recorded in the plate portion of the vehicle permit.
• Certified safety standards certificate.
• Car insurance coverage.

How can I transfer ownership of a motorcycle in Ontario?

To transfer ownership, you'll need to do the following:

1. Purchase a UVIP from the Service Ontario website or in person at any of their locations across the province
2. Complete the bill of sale section of the package, including the name of the buyer, sale amount, sale date, and your signature on it.
3. Complete the Application for Transfer portion of the vehicle permit, which is located on the back of the car ownership document.
4. Take your licence plates off of the motorcycle.
5. Keep the plate portion of ownership.
6. Contact the Ministry to inform them you've sold your motorcycle.
7. Cancel your insurance coverage.

Contact BrokerLink for affordable coverage

Are you in the market for affordable insurance? BrokerLink can help! With years of experience and access to leading insurance companies in Canada, our brokers are able to shop around on your behalf, compare quotes for multiple auto insurance policies, and access discounts to help you save money on your premiums!

To work with a broker from BrokerLink, don't hesitate to visit us at one of our many locations across the country. If we're not in your neighbourhood, feel free to contact us over the phone at any time. In the meantime, you can get a free competitive insurance quote from the comfort of your home in minutes using our online quote tool!

[phone]

FAQs about selling a motorcycle in Ontario

Do I need an appraisal to register a motorcycle in Ontario?

You will not need an appraisal to register a motorcycle in Ontario if the bike itself is under 20 years old. Anything over 20 years old will require an appraisal letter, given that the Ministry of Transport will not have accurate information about the bike's current market value.

Am I covered if I'm involved in a hit-and-run accident while on my bike?

Yes, if you are involved in a hit-and-run accident while operating your motorcycle, you will receive compensation for your losses under your uninsured automobile insurance coverage. This insurance policy is mandatory for all Canadian motorists, regardless of what province or territory they reside in or the type of motor vehicle they operate. This insurance policy will also compensate you if you are in a collision with an at-fault driver who is either uninsured or underinsured.

How much does motorcycle insurance cost?

If you're new to riding, you may be wondering, "How much does motorcycle insurance cost?" Like other types of insurance, the cost to cover your motorcycle will vary based on several factors, including the type of bike you have, where you live, the policies and coverage limits you choose, your claims history, driving experience, and more. Therefore, if you're in the process of looking for coverage, we recommend shopping around and comparing quotes from different providers so you can find the best deal available.

What are the benefits of riding a motorcycle?

There are numerous benefits of riding a motorcycle in Canada. One of the most significant advantages is that it enables you to explore areas of Canada more uniquely and unexpectedly. For example, there's no better feeling than the warm sun on your face and the breeze against your skin as you explore motorcycle routes around Alberta or other provinces and territories. Furthermore, it's an excellent chance to acquire a new skill and meet others who share your passion for riding!

Do I need year-round insurance for my bike?

A common myth about motorcycle insurance is that riders need to cancel their coverage during wintertime since year-round motorcycle insurance is unneeded during the months when you are not actively riding. The truth is that storing your bike in a garage or separate storage unit for the duration of winter does not necessarily guarantee that it will be safe. With harsh weather conditions, the possibility of vandalism and theft, and other risks, if you do not have enough coverage for your bike, you will be responsible for the cost of repairs or a total replacement.

How can I safely share the road with a motorcycle?

Given that motorcycles are more vulnerable than other motorists while travelling, if you operate a vehicle, safely sharing the road with motorcycles is crucial. As a driver, be aware of your blind spots as much as possible. Motorcycles are compact and might not be as obvious as other vehicles. Another approach to keep bikers safe is to give them enough space to manoeuvre . There must be a minimum of two car lengths in front of you to give you ample room to respond if something happens. Finally, avoid distractions such as your phone and GPS. Distractions are a major cause of car accidents, therefore, staying focused on the road is critical at all times.

How can I be safe while riding my bike?

Motorcycle riding safety is crucial for all riders, whether new to riding or having years of experience. It goes without saying that this begins with wearing protective clothing and a helmet. If you are new to riding, another strategy to protect yourself is to start practicing on quiet residential roads until you feel more comfortable riding with lots of traffic and at higher speeds. We additionally suggest riding in groups with experienced bikers to increase your visibility while on the road, as this can help you build more confidence. Finally, we recommend leaving ample space on the roadway to lessen your likelihood of being involved in a collision. And remember, if you do travel in groups, group motorcycle safety is just as important!

If you have any questions, contact one of our local branches.